$5,500,000 Oakland Shopping Center


Loan Amount $5,500,000
Transaction Acquisition
Collateral 70,871 square foot vacant shopping center on a 6.92 acre lot. In-place ground leases with McDonald’s & Taco Bell.
Location Oakland, California
Purpose of Loan Complete auction purchase
Exit Strategy Bank loan after lease-up and stabilization
Loan Term 12 months
Interest Rate 7.90% interest only
Origination Fee 1.0 point
Additional Terms No prepayment penalty. No yield maintenance. Non-recourse.
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